OLED TVs are being banned in Europe due to high energy consumption

# OLEd TVs are being banned in Europe due to high energy consumption<br><br><br>**OLED TVs are being banned in Europe due to high energy consumption.**<br><br><br>The European Union will ban the sale of OLED TVs starting March 2024, citing concerns about the devices' high energy consumption. The EU will only permit the sale of OLED TVs that meet the required EU energy efficiency rating.<br><br><br>There are also plans to regulate "standby" power consumption from March 2026, which refers to the power a device consumes even when it is not in use. This is expected to result in even more stringent restrictions on the sale of OLED TVs in the European market.<br><br><br>**LG Electronics, the world's largest OLED panel producer, is expected to be significantly impacted by the ban.** Despite the ban, Samsung Electronics plans to continue selling QD-OLED TVs in Europe because they meet the EU's energy efficiency standards. Other TV manufacturers, such as Sony, Vizio, and Philips, also plan to continue selling their OLED TVs in Europe, as they meet the required energy efficiency standards.<br><br><br>OLED panels account for about 30% of the global premium TV market, which consists of TVs with 55-inch or larger screens and prices over $1,300. The ban on OLED TVs in Europe could affect global TV demand and lead to a surplus of OLED panels in the market. The surplus could result in decreased prices for OLED panels, making them more competitive. However, it remains to be seen how the ban will impact the global OLED TV market and panel prices.